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Beef prices rose sharply, with consumers paying 12% more in August than a year earlier. Four companies process more than 80% of US beef, and the report says processors are capturing more of the margin than farmers.
Concentrated packer margins may keep retail beef prices high while cattle prices lag, drawing regulatory scrutiny that could shift packer economics and cattle bids.
startribune.comPatrick Condon, Kristen Leigh PainterSep 18, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
